Spend management firm JAGGAER has outlined plans to acquire BravoSolution, which would effectively make it the largest independent, vertically focused spend management solutions company in the world.
It is to buy BravoSolution from Italmobiliare S.p.A., subject to customary closing conditions,
JAGGAER will have over 1,850 customers connected to a network of 3.7mn suppliers in 70 countries, served by offices located in North America, Latin America, throughout Europe, the United Kingdom, Australia, Asia, and the Middle East.
JAGGAER says it offers complete indirect and direct eProcurement solutions with advanced spend analytics, complex sourcing, supplier management, contract lifecycle management, savings tracking, and intelligent workflow capabilities.
BravoSolution aligns with JAGGAER’s existing source-to-pay technology suite and vertical strategy, offering a complete solution that has been adopted by leading businesses across the globe.
Collectively, the JAGGAER organisations will focus on providing specialised solutions for Manufacturing, Education, Life Sciences, Healthcare, Retail, Transportation, Consumer Products, Construction, Oil & Gas, and Public Sector.
“The combination of BravoSolution and JAGGAER creates a powerhouse in the global spend management space and represents the execution of our strategy to build a Super Suite of fully integrated spend management solutions,” said Robert Bonavito, CEO of JAGGAER.
“This acquisition enables the largest companies in the world to do business with a single partner and cover all of their spend management needs.”
Jim Wetekamp, CEO of BravoSolution, commented: “JAGGAER is a bold company on an aggressive growth path. The combined entity will deliver greater opportunities for both customers and employees.
“The combination will allow increased innovation and provide a foundation for procurement digitalisation that will set the trends and benchmarks for the entire industry.”